Posted on 09/22/2011 4:55:50 PM PDT by Kaslin
Energy Policy: Deep-water drilling will resume in the Florida Strait when a giant, semi-submersible oil rig en route from Singapore arrives later this fall. The bad news is it will not be American.
While U.S. oil and energy prices "necessarily skyrocket," as President Obama once said they would under energy policies that have imposed a de facto ban on offshore drilling, a massive Chinese-built semi-submersible oil rig is on its way from Singapore to a drilling position off northwest Cuba perhaps as little as 50 miles from Key West, Fla.
The long-predicted move could come as early as November, as Spanish oil giant Repsol YPF leads an international consortium that will operate the rig known as Scarabeo 9. It wants to wait until the hurricane season ends before it begins drilling.
Six wells are planned to be drilled with this rig by the various international companies that own exploration rights off the north shore of the island.
Repsol drilled the only offshore well in Cuba in 2004 and said at the time it had found hydrocarbons. It plans to drill at depths of more than 5,500 feet, deeper than the blown-out Deepwater Horizon well that spewed 5 million barrels of crude into the Gulf of Mexico two summers ago.
Normally, what are called "economic zones" extend 200 miles off a country's coastline. In some cases, there are conflicts based on resources and geography. In 1977, President Carter signed a treaty with communist Cuba that essentially split the difference and created for Cuba an "exclusive economic zone" extending from the western tip of Cuba northward virtually to Key West. Cuba then divided its side of the Florida Strait into 59 parcels and put them up for lease.
(Excerpt) Read more at investors.com ...
Michelle Bachmann talks about drilling in FL and gets demonized, while ole Jimmy gave the rights to Cuba to do it right under our nose. Kind of funny, kind of ironic, kind of pathetic.
You gotta sell a lot of sugar cane to afford this kind of thing.
This should be obvious by now that we are under assault in our own country by people who are seeking to destroy us from within.
It is in their EEZ, I say go for it, Fidel.....now, what is happening in OUR EEZ?....
Michael Moore and his crowd will think this is great!!
Good for you Cuber! Just stay on your own side of the EEZ.
Will some of the oil be coming from U.S. territory (underground)?
Energy ping
Bump for any kind of common sense.
Yes, but what do we average people do about it?
After the Asian carp screw up the great lakes an oil spill may not make much difference.
That all led to LOST and those original borders were retained.
The other side of the coin, if it were not for the Cuban embargo, US oil companies would be developing the North Cuban Basin.
I saw Moore on Charlie Rose a couple of nights ago. He was flogging a new book. Charlie really does let some creeps on his show, and this is a big one. Mewl, mewl, hateful Republicans, mean cold-icy-hearted-throw-Granny-in-the-snow, meeooww, whine, cry, complain .....
You have to wonder, does Moore believe half of his own BS?
You betcha...They’re going to “Bend it like Becham”...
Proving it will take some expensive and intrusive monitoring...Something this current administration WILL NOT do...
And besides, what the hell would we do about it anyway???
It’s a Chinese rig, operated by the Spaniards, for the Cubans...Ain’t no way we have any cover or clout to do anything about their drilling indescretions in the first place...No matter who is driving the boat in this country...
The U.S. needs to get some straws into that milkshake too. (A reference to “There Will Be Blood”)
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